London Stock Exchange ETF segment · UCITS ETF
Invest in HYFA ETF from India
Indian and foreign residents can buy Invesco US High Yield Fallen Angels UCITS ETF (HYFA) units directly through Paasa.
By Paasa · Updated
HYFA at a glance
- Price
- $20.46-$0.19 (0.91%)
- Expense ratio
- 0.45%
- Day range
- $20.46 – $20.65
- Assets
- $88.6M
- Domicile
- Ireland
- Holdings
- —
- Launched
- 2016
- Dividends
- Distributing
- 1 month
- -4.90%
- 6 months
- -2.83%
- YTD
- -6.21%
- 1 year
- -6.94%
- 5 years
- -21.57%
Price change, excluding dividends.
Top 10 holdings
- 1GFL Environmental Inc 6.75% 15/01/314.9%
- 2Six Flags Entertainment Corp /Six 6.625% 01/05/324.7%
- 3VF Corp 2.95% 23/04/303.8%
- 4CVS Health Corp VAR 10/03/553.6%
- 5Fluor Corp 4.25% 15/09/282.8%
- 6Alcoa Nederland Holding BV 4.125% 31/03/292.6%
- 7Huntsman International LLC 4.5% 01/05/292.5%
- 8Kohl's Corp 5.125% 01/05/312.4%
- 9Electronic Arts Inc 1.85% 15/02/312.4%
- 10Electronic Arts Inc 2.95% 15/02/512.3%
These 10 are 32.1% of the fund.
Where the money is invested
Sectors
- Corporate89.0%
Countries
- United States92.5%
- Japan3.3%
- Netherlands2.7%
- Ireland1.2%
- Other0.3%
Similar funds
| Fund | Expense ratio | Assets |
|---|---|---|
| FAEUXETRAInvesco US High Yield Fallen Angels UCITS ETF | 0.5% | 78.0M |
| FAGBLSEInvesco US High Yield Fallen Angels UCITS ETF | 0.5% | 66.7M |
Assets are shown in each fund's own reporting currency.
How to invest in HYFA from India
Step 1
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Step 2
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Step 3
Search HYFA and buy
Find the fund by its ticker, HYFA, on the London Stock Exchange ETF segment, and place your order.
Why invest in HYFA from India
What HYFA holds
The Invesco US High Yield Fallen Angels UCITS ETF (HYFA.L) is structured to mirror the overall return performance of its designated benchmark, the FTSE Time-Weighted US Fallen Angel Bond Select Index, after accounting for its fees. Income generated by the fund is distributed to investors every quarter.
Outside US estate tax
HYFA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Hold a dollar asset
HYFA is priced in US dollars, so a weaker rupee adds to what it's worth in rupees. The rupee depreciated over 85% against the dollar between 2010 and 2025.
Paasa handles the paperwork
Investing abroad brings paperwork with it: remittance filings, capital gains reporting, foreign asset disclosure. Paasa prepares all of it for you. Your India-ready tax reports arrive at year end, ready to file.
Why HYFA's UCITS structure matters for Indian investors
HYFA is domiciled in Ireland, not the US, so it is not a US-situs asset and US estate tax does not apply to it.
Capital gains are taxed in India the same way as on a US-listed ETF.
Frequently asked questions
Can I buy HYFA from India?
Yes. Indian residents can buy Invesco US High Yield Fallen Angels UCITS ETF (HYFA) through Paasa. It is listed on the London Stock Exchange ETF segment and trades in US dollars. Your money leaves India under the RBI's Liberalised Remittance Scheme, and the units are held in your own name at Interactive Brokers.
What does HYFA invest in?
Its largest holdings are GFL Environmental Inc 6.75% 15/01/31 (4.9%), Six Flags Entertainment Corp /Six 6.625% 01/05/32 (4.7%) and VF Corp 2.95% 23/04/30 (3.8%). Corporate is its largest sector at 89.0%. It is a distributing fund domiciled in Ireland.
What is the expense ratio of HYFA?
Invesco US High Yield Fallen Angels UCITS ETF has an expense ratio of 0.45% a year, taken from the fund's assets rather than billed to you. The fund manages about $88.6M.
Is HYFA a UCITS ETF, and why does that matter for Indian investors?
Yes. Invesco US High Yield Fallen Angels UCITS ETF is a UCITS fund domiciled in Ireland. Because it is domiciled outside the US, it is not a US-situs asset, so US estate tax does not apply to it.
How are HYFA dividends taxed in India?
Invesco US High Yield Fallen Angels UCITS ETF is a distributing fund. It pays the dividends from its holdings out to you in cash. Dividends are taxed at your slab rate in India. Paasa's dividend report lists the gross dividend and any tax withheld for each payment.
What tax do I pay in India when I sell HYFA?
Gains are taxable in India. Debt-oriented funds can be taxed differently from equity funds, so confirm your rate before selling. The gain is worked out in rupees at the USD/INR rate on the day you bought and the day you sold, so the currency move is part of the gain. Paasa's capital-gains statement gives you the figures for your return.